28 Aug '13, 6am

Popular Tiong Bahru restaurant up for sale at $1.5m

Popular Tiong Bahru restaurant up for sale at $1.5m

A popular seafood restaurant in Tiong Bahru has been put up for sale at $1.5 million, Shin Min Daily reported. Por Kee eating house is a 17-year-old business at 69 Seng Poh Lane popular with locals and tourists despite most of its seats being located outside the building. Customers are often seated at tables right next to the public carpark. According to an advertisement placed on the Internet, monthly rental of Por Kee's 1,800 square feet indoor and outdoor premises costs $5,500. A complete takeover will cost $1.5 million. Owner Deng Bo Rong told the Chinese daily that customers would be notified if the the restaurant was to be sold to a successful buyer. Mr Deng also said that he was selling the business because he was getting on in years, but refused to say if there had been any offers to take over his restaurant. According to the report, Mr Deng is believed to have sol...

Full article: http://www.soshiok.com/content/popular-tiong-bahru-restau...

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